While an Investor's Ability to Simultaneously Consider Multiple Markets to Accommodate

question 54

Multiple Choice

While an investor's ability to simultaneously consider multiple markets to accommodate orders was perceived to allow for more competitive pricing (lower transactions costs) , it also led to a form of "_______________" whereby traders with relatively faster access to specific markets can use another trader's planned orders and move ahead of that order.

• A)randomized algo
• B)front running
• C)circuit breaking
• D)specialist surfing

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Definitions:

Fixed-Ratio Schedule

A reinforcement schedule in behavioral psychology where a response is reinforced only after a specified number of responses have been made.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, encouraging the repetition of desired behaviors.

Set Number

In mathematics, a concept referring to the count or quantity of distinct elements in a set.

Behaviors

Actions or reactions of an individual in response to external or internal stimuli.